5 days so far ACE and counting! Good Job!

Nice to have you on the shareholders team! Read this recent update!


January 25, 2008
Drake Management On-Site Georgia Preproduction Update

During our management’s final preproduction trip to our Georgia mining operation site, an initial target has been identified covering an area of approximately 10 acres. The target zone lies at the bottom of 2 ridges where gold has accumulated for untold millennia. After careful review of the property, we have learned that the on-site streams are very rich with gold. This fact is most exciting as it serves as a clear indication that the placer and alluvial grades are strong in the pay dirt areas as well.

The initial two sets of samples were taken from surface levels surrounding the creek within our target area. Samples reported from the Gault Group processed by Hazen Research came back consistently at .566 and .571 ounces per ton. Samples reported by Dr. McLemore processed by ALS Chemex had a maximum record of 10 grams per ton enabling trace elements to be evaluated. Four of the samples again, both hard rock and placer, came in over 10 grams per ton. (Please reference the press announcement on November 30th 2007.)

http://www.drakegold.com/default.asp?Page=PressRelease_42

During this trip, we took 7 trench samplings down to the bedrock. The resulting samples are expected to yield a considerably stronger concentration than the previous two sets, which on their own were highly compelling already. Further exploration has revealed that pay dirt is in the zone from 3-7 feet from the surface with a depth of at least 10 feet, which means that the bedrock depths measure between 13 and 20 feet from the surface—a distance which is both substantial and yet easily reachable by our equipment.

Following these exciting findings, our primary goal is to move this process forward to full production. Our initial step is to set up our processing plant and begin recovering gold as soon as possible. Further, we must work to get any additional equipment on-site in order to speed up production and maximize capacity. Fortunately, due to Georgia’s permitting process being reliant on the sale of minerals rather than the production of them, we can begin production immediately and concurrently with the permitting process, thus eliminating any unnecessary delays.

While the devastating drought in Georgia has been a concern of ours, recent exploration into the area has dispelled our worries and proven that our site is particularly well-suited for our needs. We should have no problems supplying our processing plant with the necessary water for full production capabilities. We already have estimates for the placement of a water well and understand the particulars of the permitting process for such wells that will aid in making our transition into full production a relatively smooth one. Again, Georgia’s permitting process proves simple, allowing us to operate commercial wells producing 100,000 gallons or less without securing a permit. Between the completion of one such well and the recycling of our tailing ponds, water required for ore processing will be in sufficient supply. Additionally, the estimated time frame of well installation to completion runs between 4 to 6 weeks from the day of booking, ensuring a speedy transition time toward full production.

In addition to the supply of water available from a proposed on-site well, further exploration of the site tells us that water levels should rest within 10 feet of the surface. This close proximity to additional water works perfectly to plan. Throughout production, our processing plant will be loaded with the water, sand and mud mix via use of a dredging unit throughout the mined areas, as we bring up pay dirt (dirt, gravel, quartz, white and black sand) into the processing unit. This action will provide an additional steady source of water and help create slurry in advance of processing which will further aid in the ease of production.

We are happy to report the necessary elements of this operation are coming together smoothly, and following a moderately easy transition, this site should be under production.

As per the letter of intent previous released from the largest concrete company in Georgia, we have delivered multiple samples directly to them. They have shown an eager interest in these samples. Plans to take them to the source in coming weeks will assure that we have a buyer for gravel and sands left over from production.

Please reference the initial Georgia Geological Investigation report that was released at the end of last year. It has all the historical and geological information about Georgia Gold and all of our initial results.

http://www.drakegold.com/docs/DKGR-Georgia-Gold-Report-11

Again, I don't know what your more affraid of, the success of DKGR and it's shareholders or that all this time you spent bashing the company, Clayton and the stock would have been a waste and that time in your life and will be lost forever. You just need to start realizing that DKGR will succeed wether you like it or not. Good Management, good IR, good shareholders = SUCCESS!

You know as well as I that DKGR management would not REDUCE shares just to dilute. Nothing you can do or say will stop the success of this company. You are just making it easier on all of us to rebutte your silly comments.

This is just entertainment my good friend! We all know why we invested into DKGR and it's huge potential. Enjoy your Sunday as will I! I gotta take the wife shopping

The company wouldn't REDUCE shares if there intent was to dilute, lol, even you know better then this. All the shareholders here know this. The fact that your grasping for such silly ideas leads me to believe that my thoughts about you were correct. I will say it again, start to relaize that DKGR will succeed and it will be easier for you to accept the fact that you can't get the time back you lost bashing the stock, Clayton and company. Just enjoy us reaping the rewards and this is for entertainment only

They have no shares to sell. They HAVE decreased shares both O/S and A/S.

Drake Gold Resources, Inc. Announces Decrease of Both Authorized and Outstanding Shares

Drake Gold Resources Continues Its Campaign to Strengthen the Architecture of the Company With the Completion of an AS/OS Share Reduction


Drake Gold Resources (PINKSHEETS: DKGR), with the help of company President John Marconette and CFO Thomas Conar, has undertaken a comprehensive plan to develop a strong corporate structure.

The first step of this plan, bringing up to date current filings and becoming a "current information provider," was completed recently (See PR of 11/20/07). We are now pleased to announce to our shareholders our second step: a decrease of both authorized and outstanding shares of Drake Gold Resources, Inc.

The Outstanding Shares has been decreased from 878,156,800 shares to 808,156,800 shares. (An additional 20-million share cancelation will follow pending paperwork finalization.)

The Authorized Shares has been decreased from 1,401,500,000 to 950,000,000 (900M common, 50M preferred.)

"Very few start-up companies are willing to demonstrate the kind of responsibility needed toward forming a solid share structure. I am proud to say Drake Gold Resources is one of them," said President John Marconette. "We will be sending a message to the market that we are serious in our mining aspirations and our intentions are to set the bar higher than any other company currently trading over the counter."

ABOUT DRAKE GOLD RESOURCES, INC.

Drake Gold Resources, Inc. is in the midst of creating a diversified natural-resource holding company, with a portfolio of precious and industrial metal-producing mines, as well as the creation of an oil/gas subsidiary.

Diversification, as well as innovative exploration tactics, are part of an overall strategic plan being carried out by the company's formidable team of natural-resource development executives. Diversification plans include the development of gas, oil, gold, silver, and industrial-metal producing projects. For further information about Drake Gold Resources please visit our website at http://www.DrakeGold.com.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Based upon industry standards Drake would be considered highly speculative. Additional risks to consider and that may apply: failure to meet financial and contractual obligations, managerial errors made due to the Company's limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

Contact:
Drake Gold Resources, Inc. (DKGR)

Investor Relations Hotline
1-888-601-9983
Email: info@DrakeGold.com
Website: http://www.DrakeGold.com

Public Relations Contact
1-310-606-1244
Email: Info@DrakeGold.com

Stocks go up and stocks go down. Tara Gold has made me and a lot of others massive and Massive profits. My life changed for the better when I invested in Tara Gold and sold at a astonishing profit. DKGR has the same potential and the problem is that you know it. I don't know what your more affraid of, the success of DKGR and it's shareholders or that all this time you spent bashing the company, Clayton and the stock would have been a waste and that time in your life and will be lost forever. You just need to start realizing that DKGR will succeed wether you like it or not. Good Management, good IR, good shareholders = SUCCESS!

Actually 10 acres is bigger then a Wal-Mart parking lot. Plus when you mine, you mine in sections so 10 acres is actually a good size. When DKGR goes into production, the stock will be valued at much higher then .013 so I don't know who would be selling at those prices and especially at a loss like you claim when the company is producing the hottest metal in the world. People that sell for losses when we have a producing mining company are't the sharpest tools in the shed.

Drake Management On-Site Georgia Preproduction Update

January 25, 2008

During our management’s final preproduction trip to our Georgia mining operation site, an initial target has been identified covering an area of approximately 10 acres. The target zone lies at the bottom of 2 ridges where gold has accumulated for untold millennia. After careful review of the property, we have learned that the on-site streams are very rich with gold. This fact is most exciting as it serves as a clear indication that the placer and alluvial grades are strong in the pay dirt areas as well.

The initial two sets of samples were taken from surface levels surrounding the creek within our target area. Samples reported from the Gault Group processed by Hazen Research came back consistently at .566 and .571 ounces per ton. Samples reported by Dr. McLemore processed by ALS Chemex had a maximum record of 10 grams per ton enabling trace elements to be evaluated. Four of the samples again, both hard rock and placer, came in over 10 grams per ton. (Please reference the press announcement on November 30th 2007.)

http://www.drakegold.com/default.asp?Page=PressRelease_42

During this trip, we took 7 trench samplings down to the bedrock. The resulting samples are expected to yield a considerably stronger concentration than the previous two sets, which on their own were highly compelling already. Further exploration has revealed that pay dirt is in the zone from 3-7 feet from the surface with a depth of at least 10 feet, which means that the bedrock depths measure between 13 and 20 feet from the surface—a distance which is both substantial and yet easily reachable by our equipment.

Following these exciting findings, our primary goal is to move this process forward to full production. Our initial step is to set up our processing plant and begin recovering gold as soon as possible. Further, we must work to get any additional equipment on-site in order to speed up production and maximize capacity. Fortunately, due to Georgia’s permitting process being reliant on the sale of minerals rather than the production of them, we can begin production immediately and concurrently with the permitting process, thus eliminating any unnecessary delays.

While the devastating drought in Georgia has been a concern of ours, recent exploration into the area has dispelled our worries and proven that our site is particularly well-suited for our needs. We should have no problems supplying our processing plant with the necessary water for full production capabilities. We already have estimates for the placement of a water well and understand the particulars of the permitting process for such wells that will aid in making our transition into full production a relatively smooth one. Again, Georgia’s permitting process proves simple, allowing us to operate commercial wells producing 100,000 gallons or less without securing a permit. Between the completion of one such well and the recycling of our tailing ponds, water required for ore processing will be in sufficient supply. Additionally, the estimated time frame of well installation to completion runs between 4 to 6 weeks from the day of booking, ensuring a speedy transition time toward full production.

In addition to the supply of water available from a proposed on-site well, further exploration of the site tells us that water levels should rest within 10 feet of the surface. This close proximity to additional water works perfectly to plan. Throughout production, our processing plant will be loaded with the water, sand and mud mix via use of a dredging unit throughout the mined areas, as we bring up pay dirt (dirt, gravel, quartz, white and black sand) into the processing unit. This action will provide an additional steady source of water and help create slurry in advance of processing which will further aid in the ease of production.

We are happy to report the necessary elements of this operation are coming together smoothly, and following a moderately easy transition, this site should be under production.

As per the letter of intent previous released from the largest concrete company in Georgia, we have delivered multiple samples directly to them. They have shown an eager interest in these samples. Plans to take them to the source in coming weeks will assure that we have a buyer for gravel and sands left over from production.

Please reference the initial Georgia Geological Investigation report that was released at the end of last year. It has all the historical and geological information about Georgia Gold and all of our initial results.

LOL

10 acres is small? Are you kidding me? This is a joke right? You must have taken too many to the head,lol This is the first target level "an initial target has been identified covering an area of approximately 10 acres." You can't mine 100 acres at a time. They have 300+ acres so far per last PR. They are starting to mine the 10 acres that showed the best results first.

http://biz.yahoo.com/iw/071130/0334517.html

Read the bottom paragraph

JV partner Southern Mining and Exploration has already locked up 200-300 acres of prime development land, with an eye on acquiring 1,000 or more additional acres along the trends. The Joint Venture between Drake Gold Resources and Southern Mining and Exploration is contingent not on the issuance of stock, but on the raising of operating capital. The letter of interest regarding the processed aggregate is an aspect of raising these funds and will cut the cost of mining significantly ($1.3M based on expected prices per ton of sands and gravels.)

Great stuff! Like I have stated before, this is a real company with a great management team. I spoke with the IR rep a few days ago and he was full of information. He seemed like a real good guy and very knowledgeable.

This golf outting is a great idea to obtain market exposure. Lots fo great things seem to be happening in DKGR>

We all know this. No one was worried one bit. In fact as you can see investors bought more shares.

It's not a big deal, like TL said it is a simple fix. I'm sure the company is working on getting the fiscal year changed as we speak.

Thats a great idea!

No one is spazing, lol

ACE has double personalities. Dr. Jeckl and Mr. Hyde type. His tune changes daily.

DKGR looks like the real deal and I have said this before. I have been dabbling into Forex recently while DKGR matures into a revenue generating company.

I just spoke with him a few days ago. Seems like there is a lot of good stuff going on with the company right now. Give him a call. He usually always answers.

I second that!

In the words of the back street boys, Bye Bye Bye! lol

My opinion is we should be in some sort of production my end of Q1 which is only 2 months away. I'm sure there will be plenty of news in-between but the real value here is in production and I think they are very close.

End of Q1 I think should be very solid in my opinion of course.

We are talking about the last 5 years not 10+ YEARS. How far and hard are you stretching this now? Have you really come to this? The price of many stocks before 2001 were double or triple then they are now. Look at Oracle, Tellabs, Coke, etc. So your argument is ridiculous going back that far on any stock. Are you serious, or just sparring around?

"My point is that, through all the ups and downs of the gold market, gold mining companies have not thrived in the long term."


15% A year average for 5 years on a investment is not thriving? Are you serious about this comment?




Posted by: investorguy
In reply to: medchal who wrote msg# 16617 Date:1/15/2008 2:25:59 PM
Post #of 16624

Dividends is still a gain, plus CDE and NEM are both up over 100% in the last 5 years, that is about 15% a year breakdown. It was a rough estimate.

Many people here think this company is going to be huge. Gold is on the rise rise rise and no end in sight.

The answer is that they have a geological report from Georgia property that has a MUCH better report then the copper & silver on the AZ property. They will Take care of georgia first. This management team is definetly on the right track to making DKGR a big gold company.

Silver in the medical field is becoming more and more important. Healthcare will never decline and it seems silver will be a big part of it long and short term.

LOL!!

Well said. I'm getting ready to watch some football!

DKGR is part of only 21% of current Pinksheets right now, they reduced the A/S by 400 million shares and reduced the O/S as well. Furthermore, they have a gold property in Georgia that has two independent geological reports done with terrific numbers. if you read their corporate stratigic outline, you will see that 2008 for DKGR is poised to be in production in 2008.

John Marconette and Tom Conar run the company not Clayton. DKGR has grown to impressive lengths since their involvment as management. The company has become current on pinksheets, the company HAS REDUCED the A/S and the O/S, We obtained two properties with two independent geologists reports. This was done in a short time since they came onboard. Not even you can deny that.

Your only here because of Clayton thats is "Claytonism" lol

Rome wasn't buit overnight and again, just deal with that fact that DKGR has become current when you stated it will never do that. Just watch this company grow before your eyes and please make sure to come back when DKGR exceeds your and my wildest expectations in 2008.

So is Microsoft, so is Oracle, etc. It is all in perception or in your case "Claytonism"

Just deal with the fact that DKGR is moving forward and becoming more and more transparent and becoming a real gold/oil company. Your life will be made much easier. I know it must be hard for you but you can do it! Say it with me, I think I can, I think I can, I think I can. lol

Only a few will try to spin it the wrong way. We all know DKGR is a REAL current company on pinksheets and the real deal.

I love your ethusiasm J!!! Rock on!!

I think this will rock towards the end of Jan early Feb. The more DD I do on Georgia the more I like it. Gold keeps going up and could hit $1,000 per ounce by years end with no stop in sight. I spoke with the IR rep and he said things are progressing better then expected. This could be a great 2008 for DKGR and my portfolio.

I removed myself so that I may have more freedom to post. As a mod you can't post as freely. I will be added back later

The people who did there DD, will make some real good money. When DKGR starts pulling some gold out, we will all stand up and shout! As more and more properties are accumulated in mass, we will all be celebrating in Vegas. I'm a poet and didn't even know it Ok Ok I will stick to my day job, lol

Happy New Year DKGRers!!

New Years 2008 I will party hardy my friend. New years 2009 we all go to Vegas with DKGR and crew if they will come.